Navistar International (NYSE:NAV) issued its earnings results on Tuesday. The company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.34 by $0.21, MarketWatch Earnings reports. The firm had revenue of $2.42 billion during the quarter, compared to analysts’ expectations of $2.43 billion. Navistar International had a negative return on equity of 1.78% and a net margin of 0.22%. Navistar International’s quarterly revenue was up 15.6% compared to the same quarter last year. During the same period last year, the business earned ($0.86) earnings per share.
Navistar International stock opened at $38.35 on Wednesday. The company has a debt-to-equity ratio of -0.91, a current ratio of 1.22 and a quick ratio of 0.91. Navistar International has a 12-month low of $25.06 and a 12-month high of $47.73. The stock has a market capitalization of $3.79 billion, a P/E ratio of 75.20, a price-to-earnings-growth ratio of 3.82 and a beta of 2.50.
Several brokerages recently commented on NAV. Longbow Research raised Navistar International from a “neutral” rating to a “buy” rating and raised their target price for the stock from $25.06 to $50.00 in a research report on Friday, June 1st. ValuEngine cut Navistar International from a “buy” rating to a “hold” rating in a research report on Monday, April 23rd. JPMorgan Chase & Co. reduced their target price on Navistar International from $45.00 to $38.00 and set a “neutral” rating for the company in a research report on Tuesday, April 10th. Stifel Nicolaus set a $50.00 price objective on Navistar International and gave the company a “buy” rating in a report on Thursday, March 8th. Finally, Zacks Investment Research cut Navistar International from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 8th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and eleven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $44.12.
Navistar International Corporation manufactures and sells commercial and military trucks, diesel engines, school and commercial buses, and service parts for trucks and diesel engines worldwide. The company operates through four segments: Truck, Parts, Global Operations, and Financial Services. It manufactures and distributes Class 4 through 8 trucks and buses in the common carrier, private carrier, government, leasing, construction, energy/petroleum, military vehicle, and student and commercial transportation markets under the International and IC brands; and designs, engineers, and produces sheet metal components, including truck cabs and engines.
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